Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of SandRidge Mississippian Trust I (NYSE:SDT) dropped as much as 14% today after the company announced a distribution and operational updates.

So what: The trust's distribution will be $0.6029 per unit, which is down from $0.6112 last quarter. The lower distribution is because oil production was lower than expected, at 102,000 barrels. Wells are completed, so the trust expects production to decline each quarter going forward. 

Now what: As a result of the disappointing quarter, both Wells Fargo  and Raymond James downgraded the stock, which hasn't helped today. The trust's current yield of 17% looks attractive, but given the downward trajectory, I don't think the payouts are worth paying for right now. I'm definitely not a buyer today, and will look for investments with increasing payouts long term instead of this trust.

Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.